Elevator and Escalator Market Set to reach USD 183.4 Bn by 2030

According to Next Move Strategy Consulting, the global Elevator and Escalator Market size is predicted to reach USD 183.4 Bn with a CAGR of 6.5% till 2030.

The demand for elevators and escalators is increasing due to the rapid urbanization, ,resulting in proliferation of construction activities along with advancements in Internet of Things (IoT) technology.

Asia-Pacific region holds the lion's share of elevator and escalator market at present and is expected to continue its dominance during the forecast period.

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